17. This question will test your ability to read and interpret statutory law. Be sure to consider the related party loss rules under IRC 267 before answering this question. If you have difficulty determining which family members are considered related parties for purposes of IRC 267 just by reading the code section, you may also want to use the Federal Tax Coordinator Analysis. This year Marissa will have $10,000 of capital gains. In order to offset her capital gains, Marissa wants to generate $10,000 of capital losses by selling stock she owns with a basis of $15,000 and a fair market value of $5,000. Edward, Vinnie, Jessica, and Robert have offered purchase the stock for $5,000. Edward is Marissas brother (half-blood), Vinnie is Marissas cousin, Jessica is Marissas grandmother, and Robert is Marissas spouse. According to IRC 267, Marissas plan will only succeed if she sells the stock to _____________

. a. Edward.

b. Vinnie.

c. Jessica.

d. Robert.

e. Either Edward or Vinnie.

f. Any one of them except Robert.